Thursday morning report, July 9

Five things to know this Thursday morning: 

1.) Financial Partners Credit Union is hosting a home buying and investment property seminar Saturday, July 18, from 11 a.m. to noon at its main Downey branch. 

The seminar is free and open to the public, but an RSVP is required. Sign up here

2.) "Freedom to Roll," a group exhibit dedicated to skateboarding by artists "whose passion flows with four wheels of freedom," opens at Stay Gallery Friday, July 17. 

The exhibit runs through July 22. More details, including a list of participating artists, here

3.) The expansion of Porto's Bakery continues. The Cuban bakery announced its next location will be in Buena Park, and it will open in the summer of 2016. 

4.) Cash buyers and rising prices are squeezing middle class families out of the real estate market, writes Steve Lopez in the L.A. Times

"In the postwar era, the G.I. Bill and good jobs in aerospace and manufacturing were the building blocks of modest bedroom communities like Downey and Lakewood, which sent their children off to college and watched them move on up.

"Today's economy is no such equalizer, and affordable starter homes in the L.A. Basin and its outskirts are a dashed dream. In the high-achieving San Gabriel Valley, for instance, many parents who want to give their kids a good education are priced out of the neighborhoods where that's likely to happen."

5.) Ken Farfsing, a former assistant city manager in Downey, has been appointed city manager of Carson. (Good luck.)